Chicago takes it on the chin: imperfect information could play a crucial role in the post-Kodak world
Article Abstract:
The Supreme Court's decision in Eastman Kodak Co v. Image Technical Services Inc indicates that imperfect business information may be important in subsequent antitrust analysis. Kodak claimed insufficient information to justify charges of restrictive practices for a parts and service aftermarket, but the Court found grounds to sue. This decision goes against the Chicago School of antitrust which favors information solely from the market. The Post-Chicago school now has an opportunity to focus attention on the role of imperfect information in markets and competition.
Publication Name: Antitrust Law Journal
Subject: Law
ISSN: 0003-6056
Year: 1993
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Decision theory and antitrust rules
Article Abstract:
Decision theory provides courts with a method for evaluating joint ventures and other horizontal price restraints in terms of antitrust. Decision theory, drawn from economic analysis, examines prevailing information and the desirability of gathering additional information prior to rendering factual determinations and decisions. Though decision theory cannot determine which antitrust standard is most appropriate for horizontal restraints, it does lead to conclusions such as considering low-cost information on market power when it is obtainable.
Publication Name: Antitrust Law Journal
Subject: Law
ISSN: 0003-6056
Year: 1999
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